 "technicals")
BUY TATA CONSUMER
CMP: Rs 762
TARGET: Rs 850-870
STOP LOSS: Rs 710
The stock has bottomed out near Rs 700 level after witnesssing a decent correction and has now gradually picked up momentum to improve the bias. Currently with a positive bullish candle pattern on the daily chart, the stock has triggered a 'Buy' signal with strength indicated moving just above the significant converging 200-DMA and 50-EMA levels at Rs 759 to further improve the trend.
The RSI is also well placed and is on the rise with potential to carry on the momentum still further upside.
CMP: Rs 762
TARGET: Rs 850-870
STOP LOSS: Rs 710
The stock has bottomed out near Rs 700 level after witnesssing a decent correction and has now gradually picked up momentum to improve the bias. Currently with a positive bullish candle pattern on the daily chart, the stock has triggered a 'Buy' signal with strength indicated moving just above the significant converging 200-DMA and 50-EMA levels at Rs 759 to further improve the trend.
The RSI is also well placed and is on the rise with potential to carry on the momentum still further upside.
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